Oil stocks are a good buy at the moment after recording an $80 per barrel increase in price.
By the end of the month, the production from the Permian basin located in West Texas and New Mexico, which is the largest production unit in the U.S was predicted to top its record before the pandemic. There are a lot of good oil stocks to buy at the moment, but we will be looking at the 5 best Oil stocks.
The oil demand seems to be on the rise as the market ignores the negativity brought about by the omicron Covid-19 variant. Analysts have said that the rise in oil price is not enough a catalyst to boost the oil stick to rapidly increase after several years of equity discipline.
When contemplating the oil sticks to buy and watch, investors must evaluate the ones that are diversified and are concentrated mainly on U.S shale in specific areas such as the Permian Basin. The price of crude oil highly influences oil stocks, particularly shale manufacturers.
In this article, we will be talking about the top 5 best stocks to buy or watch.
Texas Pacific Land (NYSE: TPL)
- Trading Volume: 22.25k
- Market Capital: 8.33B
- Day’s Range: 1034 – 1075
- 52 Week Range: 803 – 1773.95
Texas Pacific was founded in the year 1888, The company is one of the biggest landowners in Texas. The company produces oil and gas and it is its major source of revenue. It also deals in the commercial lease of material sales and land sales. Texas Pacific Land Trust also offers water delivery services like Water sourcing, water treatment, water waste removal, infrastructure growth, and water tracking.
The oil stock has a market capitalization of $3.9 billion with earnings per share of $10 per share. Texas Pacific land trust sells over $32,500 shares in a day. As of 2019, It has produced about $490 million.
TotalEnergies (NYSE: TTE)
- Trading Volume: 2.55M
- Market Cap: 147.90B
- Day’s Range: 56.04 – 56.95
- 52 Week Range: 40.33 – 58.83
Analysts have chosen Total Energy as one of the best picks for European oil majors. TotalEnergies is a French company that deals on oil and gas. The company’s strong increase in its portfolio irrespective of its exposure to low-priced liquid natural gas projects. Analysts stated that the company has an upcoming renewable production project pipeline, and the industry’s way of enterprise is very efficient. Total Energies has a strong balance sheet and can break even with the price of a barrel as low as $25.
The company is also an integrated company that deals with Oil and gas, the company provides refund oil all over the world. In 2020, the company has produced about 1.5 million barrels of oil and a daily 7.2 billion cubic feet of raw gas. The company recorded a reserve of 12.3 billion barrels of oil, 43% of contents are liquids. The company has a facility that produces about 2.0 million barrels daily, especially in Europe. The company provides its products to 65 countries, delivering goods which are mainly chemicals. It also has a 19℅ interest in Russian oil company Novatek.
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EOG Resources (NYSE: EOG)
- Trading Volume: 5.69M
- Market Cap: 65.23B
- Day’s Range: 107.68 – 113.2
- 52 Week Range: 50.08 – 113.2
EOG Resources is a company that deals in the production of oil and gas. It has several properties with U.S shale industries including the Permian Basin, Bakken, and the Eagle Ford. The company recorded end-of-year net reserves of 3.2 billion barrels of oil in 2020. In 2020, It also recorded a net production of a daily average of 754 thousand barrels of oil. It had a ratio of 72% of natural gas liquids and oils, and also a 28% of natural gas.
EOG Resources is well known for its use of advanced technology and huge data to help in drilling procedures, it earned it the name “Apple of the Oil”. EOG resources are capped at $65.23 billion.
The company also has a major acreage in the Permian Delaware Basin, and the south Texas Eagle Ford shale industry.
The company exceeded market analyst expectations in the last three quarters reported in November. EOG stated a specific$2 dividend per share and improved the authorization of its shares to $5 billion.
The company is presently being traded at $98.30, and it is a huge buy.
Teekay Tankers (NYSE: TNK)
- Trading Volume: 17.24K
- Market Cap: 360.02M
- Day’s Range: 10.37 – 10.77
- 52 Week Range: 9.89 – 16.09
Teekay Tankers is a globally top marine energy transportation company, it was established in the year 1973. The company produces over 80 barrels and delivers a big fleet of Liquefied Natural gas (LNG) and Liquefied Petroleum Gas (LPG) barrels.
The energy company’s market capitalization is at 360.02 million dollars, with a volume of $17.24 thousand. It has a 52 week high of $16.9. Teekay is a high liquidity stick and trades for more than 488,480 shares daily. In 2019, It has recorded a revenue of $943 million.
PetroChina Co. LTD. (PTR)
PetroChina Co. Ltd. (PTR) isthe biggest company producing oil and gas in China. Irrespective of the concerns about the U.S listed Chinese stocks due to issues based on regulations and probable delistings. PetroChina has managed to increase its share by 70% year to date. Market analysts have stated that PetroChina’s income stream is its natural gas earnings especially now that many pipeline assets have been divested in 202. Analysts predicted that the revenue growth of 40% generated in 2021 will reduce to just 4% growth in 2022, but he insists that the stock is still affordable and cost-effective at its currency price. PTR stock is a buy and should be placed on an investor’s watchlist.
Conclusion
The above-mentioned oil sticks are a huge buy, and should be out in the watchlist, however, investors are advised to watch out for any oil news that could impress the performance of any stock. And also invest carefully and with caution.
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